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    OFF-MARKET
    Land

    0 Portulaca Dr, Lake Wales, FL 33855

    21,806 SF 0.5 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 0.5-acre vacant land parcel in the desirable Indian Lake Estates community of Lake Wales, Florida, presents a unique opportunity for building your dream home. Located on Portulaca Drive, the property boasts 21,806 square feet and is priced at $12,500. The community offers an extensive array of amenities, including a 23,000 square foot clubhouse, a pro shop, an 18-hole golf course, a fitness center, a children's playground, basketball, tennis, and shuffleboard courts. Residents also enjoy access to Lake Weohyakapka, featuring a marina, boat launch, boat parking (with a $200 annual fee), and one of Florida's longest freshwater piers. The community is further enhanced by its own post office and fire department. Building regulations require concrete block construction and permit private pools and fenced backyards. RV and boat parking is permitted on individual lots. This is an ideal location for those seeking a tranquil lakeside lifestyle with convenient access to a wealth of recreational facilities and community services. Don't miss this chance to create lasting memories in this thriving Florida community.

    Property profile
    Verified
    Property type Land
    Total area 21,806 SF
    Lot 0.5 ac (21,780 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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